Your Daily Asia Gaming eBrief: Genting Malaysia 1Q22 disappoints, but outlook bright

Good Morning. Genting Malaysia's 1Q22 results were lower-than-expected, though analysts forecast better times ahead as visitation to its new theme park picks up and the weak local currency helps to pull in tourists.

What you need to know

• A group linked with Japanese billionaire Kazuo Okada has “illegally and violently” taken over Okada Manila, according to operator Tiger Resort Leisure Entertainment (TRLEI).
• Crown Resorts’ strong financial profile has helped it to weather Covid and still maintain a buffer that will allow it to absorb regulatory fines at its current rating level: Fitch said.
• Star Entertainment is not suitable to hold a license in Sydney due to significant corporate governance failures, which they are only at the beginning of trying to address, prosecutor says.

On the radar

• Sportradar appoints Oscar Brodkin as managing director, Asia Pacific
• APE launches Mini Macau metaverse project, Resortsverse by year-end.

AGB Intelligence

DEEP DIVE

Genting Malaysia to benefit from SkyWorlds ramp up

Industry Updates

• BtoBet launches industry report focusing on U.K. online gambling industry.

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